Global Lifting Equipment Market Size & Outlook, 2025-2033
Global lifting equipment market, 2021-2033 (US$M)
Global lifting equipment market highlights
- The global lifting equipment market generated a revenue of USD 82.5 million in 2024 and is expected to reach USD 138.6 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 6% by 2033.
- In terms of segment, lifts accounted for a revenue of USD 87.3 million in 2024.
- Lifts is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
Global data book summary
| Market revenue in 2024 | USD 82.5 million |
| Market revenue in 2033 | USD 138.6 million |
| Growth rate | 6% (CAGR from 2025 to 2033) |
| Largest segment | Lifts |
| Fastest growing segment | Lifts |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lifts |
Other key industry trends
- In terms of revenue, the North America accounted for 28.8% of the global lifting equipment market in 2024.
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Lifting Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JASO Industrial Cranes | View profile | 251-500 | Isasondo, Pais Vasco, Spain, Europe | https://jasoindustrial.com |
| SANY | View profile | 501-1000 | Pune, Maharashtra, India, Asia | https://www.sany.in |
| Sarens | View profile | 1001-5000 | Wolvertem, Vlaams-Brabant, Belgium, Europe | http://www.sarens.com |
| Palfinger | View profile | 10001+ | Bergheim, Salzburg, Austria, Europe | https://www.palfinger.com |
| Mammoet | View profile | 5001-10000 | Schiedam, Zuid-Holland, The Netherlands, Europe | https://www.mammoet.com/ |
| The Manitowoc Company | View profile | 10001+ | Manitowoc, Wisconsin, United States, North America | http://www.manitowoc.com/ |
| Demag Cranes & Components | View profile | 501-1000 | Wetter, Hessen, Germany, Europe | https://www.demagcranes.com/en |
| Konecranes Oyj | View profile | 16553 | Koneenkatu 8, P.O. Box 661, Hyvinkaa, Finland, FI-05801 | https://www.konecranes.com |
| Terex | View profile | 10001+ | Westport, Connecticut, United States, North America | http://www.terex.com |
| Cargotec Oyj ADR | View profile | 11266 | Porkkalankatu 5, Helsinki, Finland, 00180 | https://www.cargotec.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
Global lifting equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lifting equipment market will help companies and investors design strategic landscapes.
Lifts was the largest segment with a revenue share of 105.82% in 2024. Horizon Databook has segmented the Global lifting equipment market based on lifts covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Lifting Equipment Type Outlook (Revenue, USD Million, 2021-2033)
- Lifts
- Trucks
- Cranes
- Hoists
- Aerial Work Platforms
- Others
- Global Lifting Equipment Mechanism Outlook (Revenue, USD Million, 2021-2033)
- Mechanical
- Hydraulic
- Pneumatic
- Others
- Global Lifting Equipment End Use Outlook (Revenue, USD Million, 2021-2033)
- Construction
- Warehousing & Logistics
- Manufacturing
- Others
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Target buyers of Global lifting equipment market databook
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Our clientele includes a mix of lifting equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lifting equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global lifting equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global lifting equipment market size, by regions, 2021-2033 (US$M)
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